Results 21–40 of 12270 for speaker:Philip Hammond

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: There is no ambiguity at all about the Government’s objective. They want to strike a deal with the European Union based on the White Paper that we have published, which we believe will be good for Britain and good for the European Union. We are devoting all our efforts over the coming weeks and months to securing that deal and protecting the British economy.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: First, I would love to know what it actually said on the right hon. Gentleman’s bit of paper. Let me be very clear to him. I, the Prime Minister and all members of the Cabinet are committed to achieving a deal that protects British jobs, British businesses and British prosperity going forward. That is what we are committed to. He is absolutely right that time is running out. We are...

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: First, I recognise my hon. Friend’s long-standing commitment to this cause and the role that his constituency has played in bringing to people’s attention the catastrophe going on with plastics in our oceans. We want to be the first generation that leaves the environment in a better state than we found it, and tackling the scourge of plastic waste is a clear priority to support...

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: In 2010, the Government inherited the largest Budget deficit since the second world war, at 9.9% of GDP. Our balanced approach to fiscal policy means that we have significantly reduced the deficit by over four fifths, to 1.9% of GDP last year. That has had benefits for all our constituencies, as the economy has continued to grow. My hon. Friend’s constituents will have seen that...

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: I imagine the reason is that the provision of these services is contracted out, but I will investigate and write to the hon. Lady.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: In areas of the country like the one my hon. Friend mentions we have seen a resurgence of the entrepreneurial spirit since the financial crisis, with high levels of employment and good levels of wages. Now we need to see businesses being prepared to invest and innovate to grow productivity so that we can carry on seeing wages rising to create the sustainable high-wage economy that we all want...

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: I think I will treat my hon. Friend’s comments as a Budget submission.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: I suggest that the hon. Gentleman either has a hearing test or relies on the Hansard of this session, because he has misheard what we have been saying today.

Oral Answers to Questions — Treasury: Topical Questions (11 Sep 2018)

Philip Hammond: I certainly agree with my hon. Friend that the Royal Navy is vital to the defence of Britain’s interests around the world, and in peacetime it is the principal way in which we can project our power and military influence around the world. We are waiting for the conclusion of the modernising defence review that is being undertaken by the Defence Secretary with the Cabinet Office. Once we...

Written Ministerial Statements — Treasury: Informal ECOFIN 07-08 September 2018 (6 Sep 2018)

Philip Hammond: An informal meeting of the Economic and Financial Affairs Council (ECOFIN) will be held in Vienna on 07-08 September 2018. The Council will discuss the following: Working Lunch - The European Investment Bank: Achievements and future challenges Based on a Presidency Issues note, the Council will discuss the achievements and future challenges of the European Investment Bank (EIB). Working...

Written Ministerial Statements — Treasury: ECOFIN: 13 July 2018 (24 Jul 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Brussels on 13 July 2018. EU Finance Ministers discussed the following: Early Morning Session The Eurogroup President briefed the Council on the outcomes of the 12 July meeting of the Eurogroup, and the European Commission provided an update on the current economic situation in the EU. VAT: Generalised Reverse Charge...

Written Ministerial Statements — Treasury: ECOFIN: 13 July 2018 (12 Jul 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) will be held in Brussels on 13 July 2018. The Council will discuss the following: Early Morning Session The Eurogroup President will brief the Council on the outcomes of the 12 July meeting of the Eurogroup, and the European Commission will provide an update on the current economic situation in the EU. VAT: Generalised Reverse...

Written Ministerial Statements — Treasury: ECOFIN: 22 June 2018 (3 Jul 2018)

Philip Hammond: A meeting of The Economic and Financial Affairs Council (ECOFIN) was held in Luxembourg on 22 June 2018. ECOFIN was preceded by a morning meeting of the EIB Board of Governors. Annual EIB Board of Governors meeting The EIB Board of Governors meeting included a speech by EIB President Werner Hoyer, a Governors discussion on the future direction of the Bank, reappointment of the Board of...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: As a result of tough decisions made by Conservative-led Governments, the UK’s fiscal position has improved enormously since 2010. Contrary to the consistent predictions of doom-mongers on the Opposition Benches, during that process UK employment has also grown consistently. It now stands at record levels, and the unemployment rate is at its lowest in 40 years. However, we are further...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Yes. Female employment is indeed vitally important, and it has grown to a record high of 71.3%. As the labour market tightens, it is not just fair for us to make it possible and attractive for women to take part in the workforce; it is absolutely essential from an economic point of view. Dealing with any concealed discrimination is key to making it possible for women not only to enter the...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: The hon. Lady is right on both counts. Self-employment is an important contributor to our economy and genuine self-employment is very much to be encouraged, but there is a problem of bogus self-employment. People who are essentially employed are not paying the proper taxes and operating according to the proper rules for people who are employed, and in some cases employers are concealing the...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Business investment in the UK over the last eight years has recovered significantly since the financial crisis, but right now, as my right hon. Friend knows, there is a degree of uncertainty. We need to get through this period of uncertainty in order to see a continuing commitment by business to invest in the UK economy, and that is what the Government are committed to doing.

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: The overwhelming majority of the over 1,000 new jobs a day that have been created since the 2010 general election have been conventional jobs; only a tiny fraction of people in the workforce are on zero-hours contracts—less than 2.8%. Zero-hour contracts do have a role to play, but the Government have taken action to make sure they are not abused, and we will continue to take action to...

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: Yes, the views of business, which is the great generator of employment, wealth and prosperity in our country, should always be taken very carefully into account. We should listen to what business is telling us and make sure that we deliver a Brexit that delivers on the needs of business.

Oral Answers to Questions — Treasury: Unemployment Levels (3 Jul 2018)

Philip Hammond: No, and I should tell the hon. Lady that the proportion of people in absolute poverty is at a record low. Since 2010 there are 1 million fewer people in absolute low income; there are 300,000 fewer children in absolute low income and 200,000 fewer pensioners in absolute low income, and 881,000 fewer workless households. That is a great result and a great record, and we are proud of it.


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